The crypto community is buzzing after former U.S. President Donald Trump recently spoke about the industry. Trump is pushing for the U.S. to lead in the global cryptocurrency race, stressing its strategic importance. In a recent Bloomberg interview, he showed a more favorable attitude towards crypto and hinted at his future plans for the industry….
Bitwise, an asset manager known for its Spot Bitcoin ETF, has launched a new campaign to support Ethereum (ETH) development through NFT minting. This move marks Bitwise’s expanded involvement in the crypto world, introducing mintable Ethereum NFTs. They’re also promoting Ethereum against traditional finance, allowing the campaign to be minted as NFTs to raise funds…
Between May 10 and May 17, sales of non-fungible tokens (NFTs) amounted to $150.56 million, showing a decrease of 8.97% compared to the previous week. This decline continues a trend of weekly decreases in NFT sales. During this period, four out of the top five blockchains in terms of sales volume also saw reductions in…
Former President Donald Trump is getting into non-fungible tokens (NFTs) again, this time using Bitcoin as elections approach. NFTs are like special digital collectibles, and Trump is jumping back into the trend. It’s a way for people to own unique digital items, and Trump is making his move right around election time. This means you…
Terra (LUNA) has shared a crucial update for non-fungible token (NFT) projects operating on its network. The announcement, posted by the official Terra X handle, brings attention to an upcoming era on the Terra network. According to the notice, interchain NFTs are set to debut on Cosmos, facilitated by the cross-chain NFT platform Ark Protocol….
Yuga Labs and Magic Eden are joining forces to introduce a new NFT marketplace. They are teaming up to create this platform for the NFT community. In an important move for the NFT community, Yuga Labs, the team behind Bored Ape Yacht Club, is teaming up with Magic Eden, a well-known NFT marketplace that operates…
Elon Musk suggested that NFT projects should save the actual image (JPEG) on the blockchain. This idea made Bitcoin enthusiasts happy. Elon Musk, the CEO of Tesla and a billionaire, made fun of non-fungible tokens (NFTs) during a podcast interview on The Joe Rogan Experience. He pointed out that many NFTs are just links to…
A U.S. court has ruled that Ryder Ripps and Jeremy Cahen must pay Yuga Labs $1.57 million in a lawsuit related to Bored Ape Yacht Club (BAYC) NFTs. Yuga Labs received $1.37 million for disgorgement and an additional $200,000 in statutory damages. The court rejected the “satire” defense, stating that the defendants intentionally infringed on…
Magic Eden, a community-centric NFT marketplace, recently decided to halt Bitcoin BRC-20 trading temporarily. This move comes in response to a significant drop in trading activity and aims to safeguard users’ interests. Importantly, while Bitcoin BRC-20 trading is on hold, other trading activities on the platform remain unaffected. Magic Eden made this decision to ensure user…
China Daily, a well-known newspaper linked to the Chinese Communist Party, is allocating 2.813 million Yuan (about $390,000) to develop its own metaverse and non-fungible tokens (NFT) platform. The newspaper has issued a public tender, inviting bids from domestic and international blockchain companies to build this platform. The chosen contractor should be capable of…
To celebrate its Formula 1 history, Honda intends to distribute exclusive NFTs to fans during upcoming races in Japan. At the Formula 1 Honda & Red Bull Welcome Event in Tokyo on Sept. 20, Honda will give away limited-edition NFTs to attendees. Fans can enter a lottery to purchase event tickets and have a chance…
Solana’s prominent NFT marketplace is causing a stir, with its daily trading volume nearly matching that of all Ethereum-based NFT platforms combined. This achievement highlights the impressive harmony between Solana’s user-friendly, cost-effective blockchain and the ever-popular world of NFTs. What makes this noteworthy? Well, Solana’s blockchain doesn’t just boast speed; it’s also exceptionally accessible. When…
“Krafton, the company behind PUBG, is entering the world of NFTs and the metaverse with ‘Overdare,’ a creation-centric platform.” South Korean game company Krafton, famous for PUBG, is entering the NFT and metaverse realm with its project ‘Overdare.’ The game is set for a soft launch in December and a full release between January and…
Stoner Cats 2 LLC (SC2), known for the “Stoner Cats” animated series, faced legal issues with the SEC. They were charged with selling over 10,000 NFTs at approximately $800 each without proper registration as crypto-asset securities. This NFT sale happened in just 35 minutes on July 27, 2021, and the funds raised were meant for…
Binance, a cryptocurrency exchange, is discontinuing its support for the Polygon Network on its NFT platform. Users are advised to withdraw their Polygon NFTs from the Binance NFT Marketplace by the end of the year. Binance’s NFT marketplace is discontinuing its support for the Polygon Network. The platform will stop supporting Polygon NFTs starting from…
We’re thrilled to announce the launch of the OPX NFT marketplace, a significant step in changing digital ownership and boosting creativity. This platform, built on the XRP Ledger network, aims to empower artists and creators globally using blockchain technology and non-fungible tokens (NFTs). The OPX NFT marketplace stands out by utilizing the XRP Ledger’s speed,…
The SEC is now paying attention to NFTs. They took their first action about it. Some of the people in charge had different thoughts about it. The U.S. Securities and Exchange Commission (SEC) has said that a company named Impact Theory in Los Angeles broke the rules by selling non-fungible tokens (NFTs) without asking permission….
The digital collectible cards known as NFTs, which showcase the likeness of former U.S. President Donald Trump, saw their prices surge after his arrest in Georgia. Over the past week, the trading activity for Trump’s digital cards jumped remarkably by 177%. This surge reached its peak on August 25 at 24.1 ETH. Additionally, the lowest…
Chastain was proven guilty of purchasing and selling NFTs from sets he knew would be showcased on his former company’s main website later on. Nate Chastain, who used to be in charge of products at OpenSea, a platform for NFTs (unique digital items), has been given a three-month prison term. He got in trouble for…
Investor Mark Cuban, involved with OpenSea, expressed dissatisfaction with their decision. Creators are considering leaving and imposing restrictions due to this move. Mark Cuban and the creator of Bored Ape Yacht Club, Yuga Labs, were among the important people who spoke out against NFT trading platform OpenSea on Friday. This was in response to OpenSea’s…